Toronto Dominion Bank Grows Position in Polaris Inc. (NYSE:PII)

Toronto Dominion Bank lifted its holdings in shares of Polaris Inc. (NYSE:PIIGet Rating) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,568 shares of the company’s stock after buying an additional 1,713 shares during the period. Toronto Dominion Bank’s holdings in Polaris were worth $1,928,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PII. CVA Family Office LLC purchased a new stake in shares of Polaris during the fourth quarter valued at $27,000. Benjamin Edwards Inc. purchased a new stake in shares of Polaris during the third quarter valued at $33,000. Dark Forest Capital Management LP purchased a new stake in shares of Polaris during the third quarter valued at $35,000. BerganKDV Wealth Management LLC boosted its position in shares of Polaris by 33.2% during the fourth quarter. BerganKDV Wealth Management LLC now owns 401 shares of the company’s stock valued at $44,000 after buying an additional 100 shares during the last quarter. Finally, Spire Wealth Management boosted its position in shares of Polaris by 35.4% during the fourth quarter. Spire Wealth Management now owns 413 shares of the company’s stock valued at $45,000 after buying an additional 108 shares during the last quarter. 85.77% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on PII shares. StockNews.com started coverage on Polaris in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research downgraded Polaris from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. Raymond James increased their target price on Polaris from $148.00 to $149.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 26th. Royal Bank of Canada lowered their target price on Polaris from $132.00 to $117.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 26th. Finally, Morgan Stanley lowered their target price on Polaris from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, January 26th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $138.64.

NYSE:PII opened at $103.16 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.41 and a debt-to-equity ratio of 1.02. Polaris Inc. has a 12-month low of $99.68 and a 12-month high of $147.73. The stock has a 50-day moving average price of $111.25 and a 200 day moving average price of $114.70. The stock has a market capitalization of $6.14 billion, a P/E ratio of 13.11 and a beta of 1.63.

Polaris (NYSE:PIIGet Rating) last released its earnings results on Tuesday, January 25th. The company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.12. Polaris had a return on equity of 49.54% and a net margin of 6.02%. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the business posted $3.34 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. On average, research analysts predict that Polaris Inc. will post 10.27 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st were given a dividend of $0.64 per share. The ex-dividend date of this dividend was Monday, February 28th. This represents a $2.56 annualized dividend and a dividend yield of 2.48%. This is a boost from Polaris’s previous quarterly dividend of $0.63. Polaris’s dividend payout ratio (DPR) is currently 32.53%.

In other Polaris news, SVP Dougherty Lucy Clark sold 4,257 shares of the firm’s stock in a transaction that occurred on Wednesday, February 16th. The stock was sold at an average price of $125.00, for a total transaction of $532,125.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.20% of the company’s stock.

About Polaris (Get Rating)

Polaris Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates through six segments: ORV, Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.

Further Reading

Institutional Ownership by Quarter for Polaris (NYSE:PII)

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